preauthorized check (PAC)
preauthorized check (PAC)
Finance dictionary of financial terms
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Economics and finance
Definition of preauthorized check (pac)
preauthorized check (PAC): A check written by the payee against a customer’s checking account for a previously agreed-upon amount. Because of prior legal authorization, the check does not require the customer’s signature.
Source : http://foba.lakeheadu.ca/hartviksen/2039/Finance%20Dictionary.doc
link: http://foba.lakeheadu.ca/
Author : not indicated on the source document of the above text
Finance dictionary of financial terms
Finance dictionary of financial terms index
Definition and meaning of preauthorized check (pac)
Meaning of preauthorized check (pac)
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